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Nov 19, 2012
11/12
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. >> good morning to you. asian markets up today on fiscal cliff progress. the nikkei closed up 1.5% while hong kong's hang song rose just after 0.5%. >>> wall street investors liked what they heard about the deficit reduction plan. on friday, the door closed up nearly 46 points while the nasdaq gained 16. >>> black friday starts a day early this year. several of the big box stores will be open on thanksgiving but a recent survey shows 72% of shoppers plan to spend less. the national retail federation projects a spending increase of 4.1% to just over $580 billion, but that's about 1.5% lower than last year. around the country, some shoppers have already lined up outside stores so they could be the first ones through the door friday morning. >>> good news at the pump. the average price for a gallon of gas has fallen over 7 cents over the past two weeks. the lundberg survey puts the national average at $3.47 a gallon for regular. >>> and twinkie lovers, you can stop hoarding those tasty treats. hostess brand appears to be in bankruptcy court today. experts say
. >> good morning to you. asian markets up today on fiscal cliff progress. the nikkei closed up 1.5% while hong kong's hang song rose just after 0.5%. >>> wall street investors liked what they heard about the deficit reduction plan. on friday, the door closed up nearly 46 points while the nasdaq gained 16. >>> black friday starts a day early this year. several of the big box stores will be open on thanksgiving but a recent survey shows 72% of shoppers plan to spend less....
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Nov 9, 2012
11/12
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you know, not everyone believes that the consequences of going over this fiscal cliff are going to be so severe. people are talking about a global financial crisis, another u.s. credit downgrade. those who do say there absolutely has to be a compromise. shortly after the confetti fell on election night both sides claimed victory in their vision of how to deal with the economy. >> there was a message sent to us by the american people based on the campaign. people making all this money have to contribute a little bit more. >> the american people made clear there's still a mandate for raising tax rates. >> reporter: president obama won re-election on the idea that the wealthiest americans should pay more in taxes. a new study said the president's plan would increase revenue and slow economic growth by a tenth of a percent. >> good afternoon, everyone. >> reporter: republicans point to a different study. >> the independent accounting firm of ernst and young said going over the fiscal cliff and raising taxes on the top two rate would cost jobs. >> reporter: how to avoid this fiscal cliff a
you know, not everyone believes that the consequences of going over this fiscal cliff are going to be so severe. people are talking about a global financial crisis, another u.s. credit downgrade. those who do say there absolutely has to be a compromise. shortly after the confetti fell on election night both sides claimed victory in their vision of how to deal with the economy. >> there was a message sent to us by the american people based on the campaign. people making all this money have...
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Dec 13, 2012
12/12
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we begin this morning with the negotiations to avert the so-called fiscal cliff. so far this week, president obama and house speaker john boehner have spoken twice. boehner says differences remain and he's told lawmakers not to make plans for the week after christmas, which means we'll probably be here, too, including susan mcginnis in washington this morning with the latest. susan, good morning to you. >> hi. good morning, terrell. as the white house continue to fail at coming to a conclusion on the budget, this fiscal cliff is not waiting for the end of the year. it's affecting america today. well, even santa claus is upset. santa claus showed up on capitol hill wednesday, urging congress and the white house to strike a deal to avoid the looming fiscal cliff before christmas. >> it's discouraging that our elected leadership in congress can't come together to get the job done for the american people. >> reporter: both sides say it's putting a damper on the holidays. >> i think it's going to be extremely difficult to get it done before christmas. ? . >> in anticip
we begin this morning with the negotiations to avert the so-called fiscal cliff. so far this week, president obama and house speaker john boehner have spoken twice. boehner says differences remain and he's told lawmakers not to make plans for the week after christmas, which means we'll probably be here, too, including susan mcginnis in washington this morning with the latest. susan, good morning to you. >> hi. good morning, terrell. as the white house continue to fail at coming to a...
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Dec 5, 2012
12/12
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wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are coming to netflix. they landed exclusive rights to stream disney movies before they air on cable networks. netflix will get some of disney's classic movies. no financial terms of the deal were released. and just in time for the holidays, starbucks is introducing a $454 gift card. the card is made of etched steel. comes with $400 on it. the reason why it's $450? it costs $50 just to make the card. there will be only 5,000 available and they will only be sold on the website gilt.com. the card comes with a gold level starbucks membership for $400 you can buy 57 cups of starbucks new
wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are...
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Dec 27, 2012
12/12
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hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal from speaker john boehner last week, and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people, and it's why congress has an 11% job approval rat
hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year...
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Nov 13, 2012
11/12
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cliff. both the dow jones and the nasdaq were mostly unchanged, each losing a fraction of a point. >>> big changes at microsoft, the president of windows and windows live operations left the company after 23 years. his departure comes less than three weeks after microsoft launched windows 8. the company did not say why he was leaving. >>> and hostess is closing three bakeries following a strike of unionized bakers that began on friday. hostess products include wonder bread and twinkies. bakeries in seattle, st. louis, and cincinnati will be shut, putting more than 600 workers out of jobs. the bakers are protesting cuts to wages and benefits. hostess filed for bankruptcy last january. and now i'm hungry for a twinkie. >> hard times for ho-hos. get your twinkies now. they might not be available. >> stock up. >> ashley morison, thank you so much. >>> in sports, a monday night match-up between pittsburgh and kansas city. game tied third quarter, the steelers run into some trouble. ben roethlisbe
cliff. both the dow jones and the nasdaq were mostly unchanged, each losing a fraction of a point. >>> big changes at microsoft, the president of windows and windows live operations left the company after 23 years. his departure comes less than three weeks after microsoft launched windows 8. the company did not say why he was leaving. >>> and hostess is closing three bakeries following a strike of unionized bakers that began on friday. hostess products include wonder bread and...